Social Media Sidebar

Announcement

Please sign up, comment on articles and bring your friends!

Current poll

PlanetTech is asking:

What do you think about our new web site?

Love it, indeed
Really good solution
Same as old one
The old one was better
This is a new option

Quote of the day

We are all now connected by the Internet, like neurons in a giant brain.

 

Stephen Hawking

 

Agreement reached on deep sea mining

RATE THIS! +36
Posted in Science on 26th Apr, 2014 01:03 AM by AlexMuller

Plans to open the world's first mine in the deep ocean have moved significantly closer to becoming reality. A Canadian mining company has finalised an agreement with Papua New Guinea to start digging up an area of seabed. The controversial project aims to extract ores of copper, gold and other valuable metals from a depth of 1,500m.

 
However, environmental campaigners say mining the ocean floor will prove devastating, causing lasting damage to marine life. The company, Nautilus Minerals, has been eyeing the seabed minerals off Papua New Guinea (PNG) since the 1990s but then became locked in a lengthy dispute with the PNG government over the terms of the operation.
 
Under the agreement just reached, PNG will take a 15% stake in the mine by contributing $120m towards the costs of the operation. Mike Johnston, chief executive of Nautilus Minerals, told BBC News: "It's a taken a long time but everybody is very happy."
 
"There's always been a lot of support for this project and it's very appealing that it will generate a significant amount of revenue in a region that wouldn't ordinarily expect that to happen."

Tags: seaoceanminingecosystemnatureenvironment

Read original article » Back to category

Comments

Author: Guest
Posted: 2014-04-26
+3
I hope that benefits of reaching very much needed resources from the deep see will not compromise ecosystem - damage has already been done and hopefully this not another compromise that would endanger wild life further
3 Replies
Author: Guest
Posted: 2014-04-26
+1
Deep-sea creatures are so fragile! Even the most remote deep-sea ecosystems are not safe from the impacts of a warming world. Researchers say the weight of the marine creatures that will be lost is greater than the combined weight of every person on Earth. Reply
Reply
Author: Guest
Posted: 2014-04-27
+0
I hope that benefits of reaching very much needed resources from the deep see will not compromise ecosystem - damage has already been done and hopefully this not another compromise that would endanger wild life further Reply
Author: Guest
Posted: 2014-06-23
+0
un-f-cking-believable!!!!this guy shouldnt even be close to the pnsrideecy! he's is smooth and calm on the outside but on the inside he's a nut.he plans on change all right the kind of change that would sink america like a stone to the bottom of a lake! Reply


 

Recent headlines

  • Posted in Business on 2017-05-26 15:00:47
    Solar jobs growing 17 times faster than US economy..read more
    Posted in Science on 2017-05-26 14:50:23
    Schiaparelli: Crashed lander was ill-prepared for Mars..read more
    Posted in Science on 2017-05-26 14:46:05
    New Zealand space launch is first from a private site..read more
    Posted in Medicine on 2017-05-25 15:31:42
    Too Much Sleep Could Signal Dementia..read more
    Posted in Business on 2017-05-25 15:26:18
    India cancels plans for huge coal power stations as solar.....read more
Posted in Business on 2013-10-10 01:33
China is working towards a manned lunar mission in about.....read more
Posted in Business on 2013-10-20 07:17
Spacex says China is their main competitor for commercial.....read more
Posted in Software on 2013-10-20 06:43
Pirate Bay Browser Clocks 1,000,000 Downloads..read more
Posted in Medicine on 2013-10-10 02:10
Google reportedly investing hundreds of millions into new.....read more
Posted in Medicine on 2013-10-14 03:13
Endothelial Cells Can Repair and Regenerate Organs,.....read more
Posted in Science on 01.01.2010
Spacex says China is their main competitor for commercial.....read more
Posted in Science on 01.01.2010
Staring at Your Phone Could Be Making You Short Sighted..read more
Posted in Science on 01.01.2010
Oculus Rift virtual reality headset coming to mobile, but.....read more
Posted in Science on 01.01.2010
China is working towards a manned lunar mission in about.....read more
Posted in Science on 01.01.2010
Delivering drugs via nanoparticles to target mitochondria..read more

Recent Blog Posts

  • Posted by AlexMuller
    Nanoparticle vaccine shows potential as immunotherapy to fight.....read more
    Posted by AlexMuller
    Obesity is top cause of preventable life-years lost, study shows..read more
    Posted by AlexMuller
    Light can be utilized to control gene function..read more
    Posted by AlexMuller
    Brain stimulation restores memory during lapses, research shows..read more
    Posted by AlexMuller
    Wax worm caterpillar will eat plastic shopping bags: New.....read more

Login to your Account

Login to your PlanetTech Account here

Username:
Password:
Remember me
or

Create a New Account

You just need username and password

The following errors occured:
Username:
Email:
Password:
Verify password:
Remember me